I read a hit piece on the Daily Beast a bit ago. It seems that the tax rebate to possibly issue in Colorado has nothing to do with pot sales revenues. They're whining about ONLY bringing in $44 million... money that they wouldn't have otherwise collected.
I think it's criminal that they think $44 million is an insufficient amount of new tax money they have collected.
With the tax rate as high as it is on "legal" sales, the black market is still flourishing. That's what government interference in the marketplace actually does it creates aberrations. Obviously, it is still profitable to sell untaxed pot.
I only point this out as there seems to be a backlash brewing and there will undoubtedly be some additional fallout.
Seems so. Here we are involved in all sorts of conflicts across the face of the planet and it looks like we're really interested in cranking up another one with the Russians, mano a mano. Are the Rothschilds that interested in displacing the Russian bank?
All the while the metals have fallen into a malaise. It ain't like the old times.
It is not, however, the recipe for long-term viability. Service based economies create no value unlike manufacturing centered ones.
I think that a personal long term debt chart will show a downward trend beginning in about 2008. People really are paying down that sort of debt because they have suffered not being able to service it.
It is federal, state and local debt that offers to be the grist that grinds the economy up. We really are at the point to where overall debt (as opposed to secular debt) has actually become unserviceable.... even though the world is awash in fiat. This is the second phase of the decline.
There Are No "Tailwinds"
Submitted by Tyler Durden on 02/04/2015 - 12:16
The economy being talked about in the media just doesn’t exist, no matter how you view the unemployment rate. There is no spending because there is no income(marginally deficient). Instead, what we see is instability where these low levels of activity and true wealth creation persist. There are no “tailwinds” to be found here, only confusion about the relative state of progress. Going from really bad to less bad is not recovery, just another fact of an unstable economy plodding its way toward the next, and eventual, dislocation.
Although they do indeed move the markets, government fostered economic numbers have very little connection with reality. It boggles the mind how easily they can manipulate
Goldcorp spun SLW off because it hampered their image of being a gold company. Why would they buy it back?
Let us not forget for a moment that the duration of the ongoing depression is such that the number of folks that are even eligible to apply for unemployment benefits is going down as well. That, I feel, is the metric being measured here.
Is this a shoe dropping?
One Zero Hedge: "Putin Pivots Back: Russia Confirms Willingness To Provide Financial Aid To Greece"
Search for "Alexis Tsipras' Open Letter To Germany: What You Were Never Told About Greece"
The new Greek Prime Minister sure is interesting! He is blatantly proclaiming that the central banks have no clothes! I hope he lives long enough for us to see how he might save Greece.
Here we are near $1300 for AU and $19 for AG (a 68.4:1 ratio, btw). After the "organized decline", are we witnessing a real rally or is this an "organized rise"? It would seem to make a difference, wouldn't it? After all, a "disorganized" rally bodes to continue in the face of contrived downward pressure.
I see it as action that is being caused by the faltering global financial system, especially the Euro trading segment, which very well may just fail. ( I wonder what sort of light it would cast upon the spurious dollar. The circumstances are quite similar, if not more grandiose, but perhaps not yet quite as anemic.)
Add to that the growing global military action and the instability that the friction is creating and we have a perfect environment for the metals to return to the atmospheric highs of the recent past with an opportunity to even outshine that.
As the fiat wilts, it will certainly add more tinder to the fire.
The really cool thing is we only need one hit and it doesn't necessarily have to leave the yard.
There is literally no proof whatsoever that Iran is working on nuclear weapons.
Given surveillance capabilities of the US intelligence apparatus, I'm told by a friend in the nuclear field that there would be no way to disguise it. If they were actually working toward a nuclear weapon the proof of such, not American hyperbole, mind you, would be all over the media.
The United States government tells lies when convenient. Remember those promulgated about WMDs in Iraq? They still have yet to turn up.
Where's the beef?
What we ought to be recognizing here is that we are discussing the epitaph for the Euro; it is dead meat now rotting in the sun.
This seems to be a somewhat bizarre development, one where the impact to the bottom line will be negligible and top line impact graphic in detail.